1107 Montauk Avenue Mobile, AL 36604
Remodeled duplex with two 2-bedroom, 1-bath units, shared laundry, and a fenced rear courtyard.
Property Features for 1107 Montauk Avenue
General Information
- Standard status
- Active
- Size
- 2,186 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1978
Listing office Keller Williams Mobile (251) 404-1669
Listing date Jul 2, 2026
Source Exitrealty
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Investment Insights
Based on property information with market context.
Located in the heart of Mobile, the home is minutes from downtown dining, schools, shopping, entertainment, and other local amenities.
At the time of listing, both units are leased on one-year terms at $1,250 per month, providing an established rental history. Buyer to verify all information during due diligence.
Key Highlights
- Remodeled 2,186 SF duplex built in 1978 with two units and a total of 4 bedrooms and 2 bathrooms
- Each unit features 2 bedrooms, 1 bathroom, a kitchen, and access to a shared laundry area
- Recent updates include paint, vinyl plank flooring, and an updated kitchen
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.2k | $13.80 |
| − Vacancy | −$2.3k | −$1.04 |
| EGI | $27.9k | $12.77 |
| − OpEx | −$8.4k | −$3.83 |
| NOI | $19.5k | $8.94 |